Dell Technologies Inc.Updated Channels Repeat for Years: What Does This Mean?
Here's the weekly for DELL. I put a channel on the first trend I saw (dark red). I stacked that channel Current price is at the top of three such channels. I marked the first up-trend I saw (dark green). I stacked that channel. The stock appears affected by both angles FOR YEARS and in a periodic way. I've seen this on at least one other chart, but I feel like it would be on any chart. What is this? Supply and demand curves??? (It even seems to have a small bit of predictive power for channel breakouts (at least on the large scale of the Weekly charts have). I'm a total noob, btw.
Note
After some minor adjustments, the timing of the green channels appears to line up with earnings reports.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.